TOKYO--(BUSINESS WIRE)--Taiyo Pacific Partners announced today that its cumulative shareholding in ZENKOKU HOSHO Co., Ltd. (7164) has exceeded 5%. Taiyo Pacific Partners is well-known for its cooperative investment style of working with senior management to increase shareholder value.
Brian K. Heywood, CEO and Managing Partner of Taiyo Pacific Partners, said: “We like companies that have their own niche markets. ZENKOKU HOSHO is Japan’s leading independent mortgage guarantor, and President Ishikawa can continue to expand market share. I I believe that his focus on creating value will bring a satisfied customer base and satisfied shareholders."
Michael A. King, Chief Investment Officer and Managing Partner of Taiyo Pacific Partners, said: "We have been following ZENKOKU for many years. Their ability to keep credit costs at a low level and maintain profit margins at the top level in Japan has left us with Impressed. This is a unique, undervalued company that has achieved steady growth, but because there is no direct listed competitor, the company does not seem to receive enough attention. We believe that with President Ishikawa and his The team continues to implement the basic principles and strengthen ZENKOKU’s equity policy. Given the importance of ZENKOKU HOSHO to the entire Japanese financial system, the company will attract more investors’ interest and achieve its due position as a core holding company."
President Eiji Ishikawa commented: “We'help customers realize their dreams and happiness' through the mortgage guarantee business and contribute to the development of local communities across the country. We will celebrate the company’s 40th anniversary in February this year. We will achieve this milestone. On this occasion, I am very grateful to Taiyo Pacific Partners for their investment in our company. They undoubtedly appreciate our business and management philosophy and our attitude to enhance corporate value. Looking forward, we will do everything we can to further expand our business and increase corporate value , While keeping in mind our responsibilities as a credit guarantee company."
Located in Kirkland, Washington, Taiyo Pacific Partners was founded in 2003 by professionals focused on Asia, dedicated to shareholder-friendly activism in Japan and other Asian countries. The company currently manages more than 3.5 billion US dollars of funds focused on Japan. All strategies adopt a friendly and cooperative approach.